Cobalt Ores and Concentrates Market
Cobalt Ores and Concentrates Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Cobalt Ores and Concentrates Market Size and Growth
The Cobalt Ores and Concentrates market is influenced by increasing demand from the battery and electronics sectors. As of 2023, the market size is estimated to exceed USD 10 billion, driven by supply constraints and rising cobalt prices. Future growth is projected as electric vehicle production accelerates and sustainable practices gain traction.
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Companies Covered
(Covid 19 Impact Covered)
◍ Glencore
◍ Molybdenum
◍ Erg
◍ Sherritt
◍ Huayou
◍ Umicore
◍ Jinchuan Group
◍ Zijin Mining Group
◍ Chengtun Mining Group
◍ Nanjing Hanrui Cobalt
◍ Beijing Hezong Science
The Cobalt Ores and Concentrates Market features key players like Glencore, Molybdenum, and Huayou, focusing on mining and refining. These companies enhance market growth through innovative extraction methods and strategic partnerships. Sales revenues include:
- Glencore: $200 billion
- Jinchuan Group: $24 billion
- Umicore: $18 billion.
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Market Segmentation
By Application
Automotive
Consumer Electronic
Others
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By Product
Cobalt Ores
Cobalt Concentrates
Market Growth
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$ X Billion USD
